It is a sheer coincidence and it is working very well for Cookie Man’s Indian joint venture partner.
Launched in 2000 with a company-owned outlet in India’s first-ever shopping Spencer in Chennai, the Cookie Man India has close to 25 outlets in various metros.
However, a very interesting aspect about its franchisees is that 7 out of 8 franchisees are women entrepreneurs.
Besides, with 60% of the Cookie Man customers comprising women, the adventitious approach is helping the company scale up from Rs 65 lakh turnover in 2002 to Rs 10.4 crore in March 2006.
SBP Pattabhi Rama Rao, president, Australian Foods (I) Pvt Ltd, told DNA Money: “It certainly was not a deliberate approach as far as appointing women franchisees was concerned. Their commitment, business acumen and ability to connect with the target audience were the deciding factors for allotting them the franchise. However, this does not mean that we will only work with women. For instance, in Mumbai we have a male franchisee and he is generating good revenues for the company.�
Australian Foods is a joint venture between Cookie Man of Australia which has 40% stake while the balance is shared equally between the Cookie Man India partner Pattabhi and a private equity investor.
It operates in Chennai, Bangalore, Hyderabad, New Delhi, Gurgaon, Noida, Mumbai and Kolkata. Of these cities, except for Mumbai and Kolkata, all the other outlets are run by women franchisees.
danakeith on May 28th, 2008 at 3:48 am
Womens known to be the best entrepreneurs than man.. No wonder most of the businesses were managed by woman.